What lies ahead for Indian markets next week? Ajay Bagga answers
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Ajay Bagga, a market expert, believes that the market moving event next week will be the Federal Reserve policy meeting. He expects the Fed to announce a fifth pause in a row but highlights that the commentary and the dot plot will be critical. The dot plot will provide insights into the Fed's view on GDP growth, inflation, and the timing and number of rate cuts. Bagga predicts that the Indian markets may experience a sideways movement until the new government comes in after the elections. He does not foresee a significant risk in the markets and expects a recovery as early as next week. Bagga also mentions that the recent correction in the markets has been beneficial as it has shaken out weak hands and there is a lot of liquidity waiting to enter the market. He concludes that the market is not in a bubble and the correction has been healthy.

#IndianMarkets #FederalReserve #RateCuts

https://m.economictimes.com/markets/expert-view/what-lies-ahead-for-indian-markets-next-week-ajay-bagga-answers/articleshow/108541649.cms